Schaeffler Reports Preliminary Financial Results for the Fiscal Year Ended 31 December 2016; Revises Earnings Guidance for the Year Ending 31 December 2017
The company revised earnings guidance for the year ending 31 December 2017. For the full year ending 31 December 2017, the company forecasts revenue growth of 4-5% at constant currency and an EBIT margin before special items of 12-13%. Free cash flow is expected at approximately EUR 600 million.